Key stats
About First Trust Dorsey Wright Momentum & Low Volatility ETF
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Inception date
Sep 5, 2018
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33741L1089
DVOL combines two technical strategies: momentum and low volatility. The index initially whittles down its large- and mid-cap universe by conducting a relative strength analysis. A point and figure chart is created for each security, comparing the stocks daily performance to that of the broader universe. Each stock is classified as a buy or a sell using this method, and the sells are filtered out. From this short list, DVOL selects the 50 securities with the lowest trailing 1-year volatility. Holdings are weighted by the inverse of volatility, such that low-vol holdings get more weight. DVOL is rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.91%
Finance42.67%
Technology Services8.77%
Distribution Services8.43%
Retail Trade7.65%
Utilities7.10%
Industrial Services5.29%
Health Technology4.82%
Consumer Services4.29%
Commercial Services2.64%
Communications1.97%
Health Services1.53%
Consumer Durables1.36%
Consumer Non-Durables1.24%
Electronic Technology1.13%
Non-Energy Minerals1.02%
Bonds, Cash & Other0.09%
Cash0.09%
Stock breakdown by region
North America97.29%
Europe2.71%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DVOL invests in stocks. The fund's major sectors are Finance, with 42.67% stocks, and Technology Services, with 8.77% of the basket. The assets are mostly located in the North America region.
DVOL top holdings are TJX Companies Inc and Southern Company, occupying 3.27% and 3.04% of the portfolio correspondingly.
DVOL last dividends amounted to 0.05 USD. The quarter before, the issuer paid 0.06 USD in dividends, which shows a 14.18% decrease.
DVOL assets under management is 89.22 M USD. It's risen 30.81% over the last month.
DVOL fund flows account for 34.99 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DVOL pays dividends to its holders with the dividend yield of 0.88%. The last dividend (Sep 30, 2025) amounted to 0.05 USD. The dividends are paid quarterly.
DVOL shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Sep 5, 2018, and its management style is Passive.
DVOL expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
DVOL follows the Dorsey Wright Momentum Plus Low Vol Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DVOL invests in stocks.
DVOL price has fallen by −0.54% over the last month, and its yearly performance shows a 4.90% increase. See more dynamics on DVOL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.75% over the last month, have fallen by −0.75% over the last month, showed a 1.52% increase in three-month performance and has increased by 6.39% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.75% over the last month, have fallen by −0.75% over the last month, showed a 1.52% increase in three-month performance and has increased by 6.39% in a year.
DVOL trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.